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2 star

HDFC Income Fund


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.01 -0.14 0.03 0.85 1.48 2.90 4.60 7.81 5.26 7.30 7.36
VR Bond 2.05 0.01 0.22 1.14 1.47 2.43 3.87 7.12 6.04 7.06 7.35
Debt: Medium to Long Duration 2.37 -0.15 0.24 1.07 1.95 3.48 5.05 7.96 6.15 7.56 7.72
Rank within category 9 7 8 9 12 12 8 12 12 10 10
Number of funds in category 14 17 17 17 17 15 14 14 14 14 14

As on 24-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Income Fund  | Invest Online
2 star
Sep-00 4.60 7.81 5.26 2.18 634
ICICI Prudential Bond Fund  | Invest Now
4 star
Aug-08 5.31 9.51 7.37 1.20 2,792
Aditya Birla Sun Life Income Fund  | Invest Online
4 star
Oct-95 6.75 10.19 7.14 0.80 2,518
Kotak Bond Fund - Regular Plan  | Invest Online
4 star
Nov-99 5.93 9.49 6.52 1.73 2,274
SBI Magnum Income Fund  | Invest Online
5 star
Nov-98 6.23 10.04 8.10 1.46 1,700

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.12 11-Dec-2008 - 18-Dec-2008 -4.51 02-Jan-2009 - 09-Jan-2009
Month 12.93 18-Nov-2008 - 18-Dec-2008 -6.46 19-Jul-2013 - 19-Aug-2013
Quarter 17.18 06-Oct-2008 - 05-Jan-2009 -10.62 20-May-2013 - 19-Aug-2013
Year 19.02 04-Dec-2000 - 04-Dec-2001 -2.32 09-Jun-2017 - 11-Jun-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.27 2.60 1.24 1.75 1.10 0.31
VR Bond 6.70 2.11 1.26 1.76 -- --
Debt: Medium to Long Duration 7.35 3.52 1.19 1.96 1.18 0.18
Rank within category 12 2 9 11 6 10
Number of funds in category 14 14 14 14 14 14

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 29 24 22
Modified Duration (yrs) 4.23 5.83 4.23 4.14
Average Maturity (yrs) 5.81 8.79 5.81 5.92
Yield to Maturity (%) 5.80 6.63 5.80 5.57
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 6.41 6.41
equal 8.30% REC 25/06/2029 Non Convertible Debenture AAA 1.54 - 5.98 5.97
equal 6.83% HDFC 2031 Debenture AAA 0.00 - 5.48 5.48
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 4.82 4.82
equal 8.30% NTPC 15/01/2029 Debenture AAA 3.92 - 4.31 4.31
equal 7.26% GOI 14/01/2029 GOI Securities SOV 3.80 - 4.18 4.18
equal 6.97% GOI 2026 GOI Securities SOV 3.78 - 5.63 4.14
equal 7.02% Gujarat State 28/08/2026 State Development Loan SOV 0.00 - 4.11 4.11
equal 7.70% LIC Housing Fin. 19/03/2031 Bonds/NCDs AAA 0.00 - 4.07 4.06
equal 6.68% GOI 17/09/2031 GOI Securities SOV 3.66 - 6.03 4.02
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 3.94 3.94
equal 4.78% Housing & Urban Development Corporation 28/02/2024 Non Convertible Debenture AAA 0.00 - 3.94 3.94
equal 7.60% India Grid Trust 2026 Debenture AAA 0.00 - 3.74 3.74
equal 9.10% Power Finance Corporation 23/03/2029 Non Convertible Debenture AAA 3.20 - 3.53 3.53
equal IndInfravit Trust 2038 Non Convertible Debenture AAA 2.92 - 3.25 3.24
equal 7.41% Power Finance Corporation 25/02/2030 Debenture AAA 2.94 - 3.90 3.23
equal 6.45% GOI 2029 GOI Securities SOV 2.91 - 3.19 3.19
equal 5.85% GOI 2030 GOI Securities SOV 0.00 - 5.08 3.08
equal 6.72% Gujarat State 2030 State Development Loan SOV 0.00 - 2.55 2.55
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 2.41 2.41
equal 6.79% GOI 26/12/2029 GOI Securities SOV 1.48 - 1.63 1.63
equal 6.67% GOI 17/12/2050 GOI Securities SOV 0.00 - 5.26 1.50
equal 1.44% GOI 2023 GOI Securities SOV 0.91 - 1.09 1.09
equal 8.20% GOI 24/09/2025 Central Government Loan SOV 0.50 - 0.55 0.55
equal 7.95% GOI 2032 GOI Securities SOV 0.11 - 0.41 0.12

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Aug-2021

Fund Manager

— Shobhit Mehrotra since 01-Sep-2007

Education: He is an MBA from Clemson University, USA.

Experience: Prior to joining HDFC AMC he has worked with Franklin Templeton AMC, and ICRA.

Funds Managed:


-0.14%

Change from previous, NAV as on 24-Sep-2021

Growth: ₹ 47.7722

IDCW Quarterly: ₹ 11.3841

IDCW: ₹ 15.0639


Investment Strategy

The scheme seeks to generate income / capital appreciation through investments in debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 11-Sep-2000
Return Since Launch: 7.71%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 634 Cr (As on 31-Aug-2021)
Expense: 2.18% (As on 31-Aug-2021)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly25-Jun-20210.1000

 25-Mar-20210.1000
 28-Dec-20200.2000
 25-Sep-20200.1500
 25-Jun-20200.2000
 18-Mar-20200.1500
 26-Dec-20190.1000
 25-Sep-20190.1500
 25-Jun-20190.1000
 25-Mar-20190.1000
 26-Dec-20180.1500
 25-Sep-20180.0500
 25-Jun-20180.0500
 26-Mar-20180.0500
 26-Dec-20170.0500
 25-Sep-20170.0500
 27-Jun-20170.2500
 27-Mar-20170.1000
 26-Dec-20160.2000
 26-Sep-20160.3500
 27-Jun-20160.1500
 28-Mar-20160.1000
 28-Dec-20150.1000
 28-Sep-20150.1500
 25-Jun-20150.0750

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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